
Centrally Planned Economy Concepts
Interactive Video
•
Social Studies, Business, History
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a centrally planned economy also known as?
Free market economy
Mixed economy
Command economy
Traditional economy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who has significant control over resource allocation in a centrally planned economy?
Private enterprises
The government or central authority
Individual consumers
International organizations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a centrally planned economy, who sets the production targets?
Consumer demand
Market forces
The central planning authority
Private companies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cornerstone of a centrally planned economy?
Private ownership
Central planning
Market competition
Consumer choice
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are prices typically managed in a centrally planned economy?
Left to private enterprises
Controlled or regulated by the government
Determined by supply and demand
Set by international markets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sectors are often owned by the state in a centrally planned economy?
Energy and telecommunications
Tourism and hospitality
Retail and agriculture
Education and healthcare
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common policy in centrally planned economies to ensure equitable distribution of resources?
Free trade agreements
Progressive taxation
Deregulation
Privatization
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